Manufacturing sector’s contribution in Oman’s GDP touches OMR2.33bn up to October 2022

Muscat: The contribution of the manufacturing sector — one of the sectors of economic diversification — in the gross domestic product (GDP at current price) amounted to OMR2. 334 billion up to October 2022.

The industrial activities growth amounted to 1.25 percent while the manufacturing activities grew by  67.4 percent.

The Directorate General of Industry at the Ministry of Commerce, Industry and Investment Promotion supervises on the strategic and operational indicators and conducts periodical industrial surveys.

The regular industrial survey aimed to provide comprehensive and updated database on the industrial establishments in the Sultanate as to generate advance indicators for measurement of the performance of the industrial sector and to acquaint with the investment opportunities and to increase the percentage of the local content of the industry sector.  

The industrial survey provides addresses, locations, activities and investments of industrial establishments along with details of national manpower and expatriate manpower of both genders. The survey also provides details of products and other details of goods.

The contribution of internal commercial activities in the GDP of most economic activities including the service activities increased by 8.8  percent to OMR8.782 billion by end of June 2022 compared to OMR8.068 during the same period in 2021.

The contribution of the activity of retail and wholesale (at current price) increased by 13.3 percent  to reach OMR1.667 billion by end of June 2022 compared to some OMR1.472 billion during the same period in 2021.

The contribution of real estate activity, technical activities and administrative service increased by 2.2  percent to reach some OMR4.995 million by end of June 2022 compared to OMR973.7 million during the same period in 2021.

The contribution of service activities amounted to 43 percent (OMR8.782 billion ) in the GDP in 2022, the retail and wholesale contribution amounted to 8.1 percent and the real estate , technological and administrative services contributed by 4.8 percent.